LIVE CATTLE - Daily - Technical analysis published on 02/15/2021 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
72%
0%
28%
My opinion
Bullish above 123.950 USD
My targets
127.585 USD (+1.93%)
139.167 USD (+11.18%)
My analysis
The bullish trend is currently very strong on LIVE CATTLE. As long as the price remains above the support at 123.950 USD, you could try to benefit from the boom. The first bullish objective is located at 127.585 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 139.167 USD as an objective. Crossing it would then enable buyers to target 145.575 USD. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
8.4
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
LIVE CATTLE rating 125.175 USD. The price registered an increase of +1.67% on the session with the lowest point at 123.250 USD and the highest point at 125.825 USD. The deviation from the price is +1.56% for the low point and -0.52% for the high point.123.250
125.825
125.175
The Central Gaps scanner detects a bullish gap which is a sign that buyers have taken the lead in the very short term.
Opening Gap UP
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
New HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
New HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this Daily chart of LIVE CATTLE indicates that the overall trend is strongly bullish. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, according to the parameters integrated into the Central Analyzer system, 13 technical indicators out of 18 analysed are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:
RSI indicator is overbought : over 70
Type : Neutral
Timeframe : Daily
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : Daily
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
S3 | S2 | S1 | Price | R1 | R2 | R3 | |
---|---|---|---|---|---|---|---|
ProTrendLines | 112.200 | 118.325 | 123.950 | 125.175 | 127.585 | 145.575 | 171.000 |
Change (%) | -10.37% | -5.47% | -0.98% | - | +1.93% | +16.30% | +36.61% |
Change | -12.975 | -6.850 | -1.225 | - | +2.410 | +20.400 | +45.825 |
Level | Major | Intermediate | Intermediate | - | Major | Minor | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 121.183 | 121.792 | 122.458 | 123.067 | 123.733 | 124.342 | 125.008 |
Camarilla | 122.774 | 122.891 | 123.008 | 123.125 | 123.242 | 123.359 | 123.476 |
Woodie | 121.213 | 121.806 | 122.488 | 123.081 | 123.763 | 124.356 | 125.038 |
Fibonacci | 121.792 | 122.279 | 122.580 | 123.067 | 123.554 | 123.855 | 124.342 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 118.933 | 120.092 | 121.933 | 123.092 | 124.933 | 126.092 | 127.933 |
Camarilla | 122.950 | 123.225 | 123.500 | 123.775 | 124.050 | 124.325 | 124.600 |
Woodie | 119.275 | 120.263 | 122.275 | 123.263 | 125.275 | 126.263 | 128.275 |
Fibonacci | 120.092 | 121.238 | 121.946 | 123.092 | 124.238 | 124.946 | 126.092 |
Monthly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 101.517 | 106.433 | 114.067 | 118.983 | 126.617 | 131.533 | 139.167 |
Camarilla | 118.249 | 119.399 | 120.550 | 121.700 | 122.850 | 124.001 | 125.151 |
Woodie | 102.875 | 107.113 | 115.425 | 119.663 | 127.975 | 132.213 | 140.525 |
Fibonacci | 106.433 | 111.227 | 114.189 | 118.983 | 123.777 | 126.739 | 131.533 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
RSI (14): | 74.31 | |
MACD (12,26,9): | 2.5940 | |
Directional Movement: | 25.224 | |
AROON (14): | 100.000 | |
DEMA (21): | 124.195 | |
Parabolic SAR (0,02-0,02-0,2): | 122.175 | |
Elder Ray (13): | 2.280 | |
Super Trend (3,10): | 119.621 | |
Zig ZAG (10): | 125.075 | |
VORTEX (21): | 1.1730 | |
Stochastique (14,3,5): | 79.96 | |
TEMA (21): | 125.234 | |
Williams %R (14): | -8.02 | |
Chande Momentum Oscillator (20): | 2.450 | |
Repulse (5,40,3): | 1.2310 | |
ROCnROLL: | 1 | |
TRIX (15,9): | 0.3030 | |
Courbe Coppock: | 13.07 |
MA7: | 123.743 | |
MA20: | 120.192 | |
MA50: | 116.186 | |
MA100: | 112.854 | |
MAexp7: | 123.483 | |
MAexp20: | 120.869 | |
MAexp50: | 117.097 | |
MAexp100: | 113.617 | |
Price / MA7: | +1.16% | |
Price / MA20: | +4.15% | |
Price / MA50: | +7.74% | |
Price / MA100: | +10.92% | |
Price / MAexp7: | +1.37% | |
Price / MAexp20: | +3.56% | |
Price / MAexp50: | +6.90% | |
Price / MAexp100: | +10.17% |
Quotes :
2021-02-12 22:40:49
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10 min delayed data
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CME Globex Futures
News
The latest news and videos published on LIVE CATTLE at the time of the analysis were as follows:
This member declared not having a position on this financial instrument or a related financial instrument.
About author
I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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